thunder wrote:
On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but make
no mistake, China needs us, far more than we need them. China may become
the economic powerhouse, but before it does, it will have to address it's
institutional social issues. Or, do you really believe it's "blend" of
communism and capitalism will work in the long term?

China's need for US is becoming less and less each month. China is
developing and opening up markets for their products in Africa, Central
and South America and the rest of the World. The US market is going to
be left behind very soon. We do not produce anything but services which
the Chinese are more than capable of doing themselves. The US economy is
losing its buying power.

Wait until this years mortgage crisis hits the news. The downturn has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and start
concentrating on the leading indicators. We are by no means out of the
woods, but the recovery started several months ago. By fall, it should
be clear to even the most obtuse.

The only thing the US had was unrestricted innovation but, that is being
squashed. When investment in new ideas and innovation is being taxed at
ridiculous levels the ability to bring those ideas and innovations to
market in the US goes away.